EMERGING economies in Asia could benefit from good public debt management and development of local bond markets, which would in turn support economic stability, according to a regional debt conference.

The Ministry of Finance co-hosted the Third Asian Regional Public Debt Management Forum with the Asian Development Bank (ADB) last Wednesday.

"Countries' experience supports the conclusion that the right composition and structure of sovereign debt can provide a cushion against the financial risk stemming from a global shock," Finance Minister Agus Martowardojo said in a speech.

"A deep domestic government securities market, combined with the option to access financing from international markets and institutions, ensures funding for fiscal needs and the ability to support the domestic economy," Agus said.